Understand the reasons for starting this type of business (C)
Explain the benefits of this type of business (B)
Starter (5 minutes)
Write the name of a franchise that is not on this graphic
franchieses.jpg
Key Terms (5 mins)
Franchise - the right to trade as an established business using its name and products Franchisee - a business that agrees to operate under a licence from a franchisor Franchisor - the business that gives franchisees the right to sell its product
Activity (10 mins)
With a partner write a list of the benefits of starting this kind of business.....
Activity (10 mins)
Discuss with your neighbour what you think the costs would be in buying a franchise like McDonalds? How different do you think the costs would be if you were buying a franchise for the Pauline Quirke Academy?
Task (25 mins)
Use the internet to find some lists of franchises - make a list of companies you already know, that offer franchise opportunities.
Plenary (5 mins)
How big do you think you have to be to start selling a franchise of YOUR business? Discuss with your neighbour
Business Opportunity
Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6
Lesson Objectives
Starter (5 minutes)
Write the name of a franchise that is not on this graphic
Key Terms (5 mins)
Franchise - the right to trade as an established business using its name and productsFranchisee - a business that agrees to operate under a licence from a franchisor
Franchisor - the business that gives franchisees the right to sell its product
Activity (10 mins)
With a partner write a list of the benefits of starting this kind of business.....
Activity (10 mins)
Discuss with your neighbour what you think the costs would be in buying a franchise like McDonalds? How different do you think the costs would be if you were buying a franchise for the Pauline Quirke Academy?Task (25 mins)
Use the internet to find some lists of franchises - make a list of companies you already know, that offer franchise opportunities.Plenary (5 mins)
How big do you think you have to be to start selling a franchise of YOUR business? Discuss with your neighbour